Organic growth/breakout yes..but the PBOC still have there exchanges ready to be slammed.

Is this an suckers rally

I think so. Can't say I haven't been tempted to buy back but if this doesn't have much steam, it'll be back down. I think there is too much excited bullish sentiment at this point and a lot of uncertainty still. Could be wrong. I'll be buying if we see some strong buying and big volumes to get over ATH, but until then...

It is so strange to see that while everybody keeps seeing green values China has to see red. Less than a month ago this would have been impossible but today the game changed and it seems we do not need china volume to go up anymore.

edit: er...not sure it is gonna work anymore...but pretty sure they will try in some kind of method to do so (in 2 weeks) (soon) tm bfl

In 2 weeks PBOC will force Chinese exchanges to introduce bitcoin withdrawal tax, say 10%, effectively confiscating large portion of bitcoins there. This % might be higher if we have new ATH in 2 weeks.

Dear Customer, BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused. Thank you for your cooperation and understanding, The BTCChina Team February 15th, 2017

Dear Customer, BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused. Thank you for your cooperation and understanding, The BTCChina Team February 15th, 2017